Then split bottom line 50/50 with the partner (individual) after all other expenses are paid.

This is a bit more involved, but as you scale, it is something you should consider.In response to your second question, I would say "yes" to allowing pets.

I'm copying my response from a previous post:1) Investors were chasing Class A rentals from 2012-2020, before their values exceeded their pre Great Recession highs and they wouldn't cashflow at purchase anymore.2) So, investors started chasing Class B rentals in 2020-2022 because of #1 above.

I read it a couple of times to make sure I understood it, and i"ll probably read what you wrote a couple of times to make sure I understand it.All, I really appreciate the responses for this thread. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

I am only familiar with the contract in my state but items seller agrees to do based on inspection findings are their responsibility unless spelled out differently.  

I personally avoid individual showings and schedule open houses instead.

Obviously, two factors are responsible for what will likely be more than doubling our money in 3 years.  1.

Additionally, I mentioned that I had sent them a small holiday gift card as a token of appreciation (which I send to all of my tenants) and wished their family a peaceful and warm holiday season.Your insights helped me craft a response that balanced kindness with maintaining boundaries, and I truly appreciate it.

How often is an individual successfully sued for an amount that exceeds their insurance coverage?